22-34-8
Section 22-34-8 Sale of bonds. The bonds and other evidences of indebtedness of the authority
may be sold at such time or times as the board of directors may deem advantageous. The bonds
may be sold at private or public sale. Bonds sold at public sale shall be awarded to the bidder
whose bid reflects the lowest net interest cost to the authority for the bonds being sold,
computed to their respective absolute maturities; provided, that if no bid acceptable to the
authority is received, it may reject all bids and readvertise. Notice of any public sale shall
be given by such publication or by such distribution of notices of sale or both, as the board
of directors may determine subject to state law. The authority may pay from the proceeds of
the sale of its bonds all expenses, including publication and printing charges, attorney's
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization,...
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11-54-147
Section 11-54-147 Use of proceeds from sale of bonds; cost of acquiring project. The proceeds
from the sale of any bonds issued under authority of this article shall be applied only for
the purpose for which the bonds were issued; provided, however, that any accrued interest
and premium received in any such sale shall be applied to the payment of the principal of
or the interest on the bonds sold; and provided, further, that if for any reason any portion
of such proceeds shall not be needed for the purpose for which the bonds were issued, then
such unneeded portion of said proceeds shall be applied to the payment of the principal of
or the interest on said bonds. The cost of acquiring any project shall be deemed to include
the following: The actual cost of the construction of any part of a project which may be constructed,
including architect's and engineer's fees; the purchase price of any part of a project that
may be acquired by purchase; all expenses in connection with the...
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11-9-22
Section 11-9-22 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county shall have
the power from time to time to sell and issue interest-bearing warrants of such county for
the purpose of paying costs to that county of acquiring and providing one or more waterworks
systems for the purpose of rendering water service in any part of the county; provided, that
the county shall not render water service within any municipality except pursuant to franchise
granted to the county by such municipality. Any warrants issued under the provisions of this
article may be in such denomination or denominations, may have such maturity or maturities
not exceeding 30 years from their date, may bear interest from their date at such rate or
rates payable at such times, may be payable at such place or places within or without the
state, may be sold at such time or times and in such manner, whether publicly...
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16-65-6
Section 16-65-6 Bonds generally. (a) Issuance of bonds. The authority is authorized and empowered
to issue its bonds from time to time for the purpose of making equipment loans to finance
equipment costs incurred or to be incurred by educational institutions. Such bonds may be
in such aggregate principal amount as the board of directors shall determine to be necessary
to pay the equipment costs included in such financing. The authority may pay from the proceeds
of the sale of its bonds all expenses, including publication and printing charges, attorneys'
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization, advertisement, sale, execution, and
issuance of its bonds or the making of equipment loans from the proceeds thereof. (b) Source
of payment. All bonds issued by the authority shall be limited obligations of the authority
payable solely from any combination of the following: (1) The...
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41-10-503
Section 41-10-503 Sale of bonds. Bonds of the authority may be sold at such price or prices
and at such time or times as the board of directors of the authority may consider advantageous,
at public or private sale. If bonds are to be sold by competitive bid on sealed bids or at
public auction, the bonds may be sold only to the bidder whose bid reflects the lowest effective
borrowing cost to the authority for the bonds being sold; provided, that if no bid acceptable
to the authority is received, it may reject all bids. Notice of each such sale by competitive
bids shall be given by publication in either a financial journal or a financial newspaper
published in the City of New York, New York, and also by publication in a newspaper published
in the State of Alabama, each of which notices must be published at least one time not less
than 10 days before the date fixed for such sale. The board of directors may fix the terms
and conditions under which such sale by competitive bids may be held;...
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23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority shall pay
out of the proceeds from the sale of the obligations authorized by this article all expenses
that the board of directors may deem necessary and advantageous in connection with the sale
and issuance thereof. The proceeds from the issue of any obligations authorized by this article,
(i) except the proceeds of bonds which were issued to pay principal and interest of temporary
bonds or notes and in anticipation of which such temporary bonds or notes shall have been
issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding obligation,
remaining after paying the expenses of their sale and issuance, shall be deposited in the
State Treasury, shall be credited to the Road and Bridge Fund and shall be subject to be withdrawn
by the authority, upon the approval of the State Department of Transportation and the Governor,
but only for the purpose of paying the federal share...
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41-10-313
Section 41-10-313 Price of bonds; competitive bidding; notice of sale; expenses of sale. Bonds
of the authority may be sold at such price or prices and at such time or times as the board
of directors of the authority may consider advantageous, at public or private sale. If bonds
are to be sold by competitive bid on sealed bids or at public auction, the bonds may be sold
only to the bidder whose bid reflects the lowest effective borrowing cost to the authority
for the bonds being sold; provided, that if no bid acceptable to the authority is received,
it may reject all bids. Notice of each such sale by competitive bids shall be given by publication
in either a financial journal or a financial newspaper published in the City of New York,
New York, and also by publication in a newspaper published in the State of Alabama, each of
which notices must be published at least one time not less than 10 days before the date fixed
for such sale. The board of directors may fix the terms and...
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11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
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16-18B-7
Section 16-18B-7 Bonds - Issuance and sale. The bonds issued pursuant to this article shall
not be obligations of said corporation but shall be general obligations of the state with
the full faith and credit and taxing power of the state to be pledged to the prompt and faithful
payment of the principal thereof and the interest and redemption premium (if any) thereon.
The proceeds from the sale of the bonds shall be used exclusively for the purposes described
in the aforesaid constitutional amendment. The bonds may be sold and issued in one or more
series at any time and from time to time, may have such series designations, may be in such
forms, principal amounts, denominations and numbers, may be of such tenor and maturities,
may bear such date or dates, may be payable in such installments and at such time or times,
may be payable at such place or places within or without the state, may bear interest at such
rate or rates payable and evidenced in such manner, may contain provisions for...
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22-29-9
Section 22-29-9 Bonds - Procedure for sale. The bonds of the authority may be sold at such
time or times as the board of directors may deem advantageous; but unless sold to a local
public body or to the United States of America or an agency of the United States of America,
such bonds shall be sold at public sale, either on sealed bids or at public auction, to the
bidder whose bid reflects the lowest net interest cost to the authority for the bonds being
sold, computed to their respective absolute maturities; provided, that if no bid acceptable
to the authority is received, it may reject all bids and readvertise; provided further, that
if no bid shall be received, the authority may negotiate for a private sale of the bonds.
Notice of any public sale shall be given by such publication or by such distribution of notices
of sale, or both, as the board of directors may determine. The authority may pay from the
proceeds of the sale of its bonds all expenses, including publication and...
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